No, there is lack of factual foundation to that any or all of the back taxes are paid. That is what is needed, not the other way around. It is what is called proper disclosure and true transparency. Something that would show up on financials which there is total lack of for MXXH. PR's are not factual foundation! MXXH also has no valid record of a legal entity doing business in Texas. That also needs documents from the "company" proving otherwise. There will be a document that DOESN'T say VOID at Delaware.
The 25% is "working interest" which is not the same as just plain "interest". Royalty payments (Gouger's Pegasus Oil Field Leasing perhaps?, again no disclosure or terms stated), along with operating expenses being paid to Gouger as Tejones and then through Pegasus Cementers above the $200,000 worth of stock are in there, but not 25% of any gross profits. Nothing as far as the terms are being disclosed or stated on any financial statement or anywhere else for that matter. Nothing is transparent about what kind of deal Gouger is getting like how much stock in amount of shares? How much discount? Convertibility? All one has is no income, no assets, no operations, no financials. When one has to use "For all we know" statements, then that is one big red flag.
Gouger continues to get violations on his "operations" of pos wells (four more just this last Monday) from the Texas State RRC authorities. He also has some deal as "adviser" which yet again is not disclosed or any transparency.
The foolishness of this much time with not beginning any well drilling is just ridiculous. This is not the only public company that he is doing this with (or not doing in these cases). Has promised "well drilling" long ago with his other RS'd stock TOMI (previously BNPD, BNPDD). He supposedly got paid $1.8 Million in a stock deal for "oil business" with DKGR with an imaginary company that never materialized. Civil litigation with other public companies.
In FACT, there has not been even one public company that Gouger has done anything but losses with for shareholders and has nothing but "oil projects" that have never materialized.
Fees for renewing some permit is a simple form mailing and are very minimal to the share amounts or dollars being stated here and a non issue. Didn't bother Gouger before, and it won't bother him again for any renewal.
As far as any real substance on any real oil well in the future, there will have to be financials, and records with the state RRC authorities (I guess there is no public interest for the last statements from the "company" about the Recycle business that never materialized).
Again, there will need to be some "professional awareness" help beyond another fluff PR for anything to happen in the magnitude of "penny" range, and maybe even yet again "new" management of the shell. LOL Even if this thing gets the help it needs, it easily could NOT get to anything close to that penny. Waiting for it may just be renewing vows mistakenly made with the stock in the first place and not using hard learned lessons.
AI
